The Financial Crimes Enforcement Network (FinCEN) is a federal regulatory bureau of the United States Treasury.
The U.S. Financial Crimes Enforcement Network (FinCEN) collects and analyzes information about financial transactions to combat domestic and international money laundering, terrorist financing, and other financial crimes.
It was established in 1990 by the US Department of the Treasury. FinCEN's mission is to enhance U.S. national security, deter and detect criminal activity, and safeguard financial systems from abuse by promoting transparency in the U.S. and international financial systems.
Its mission is to safeguard the U.S. financial system from money laundering. It is tasked with the collection, analysis, and dissemination of financial transaction data for law enforcement purposes as well as building global cooperation with counterpart organizations in other countries and with international bodies such as the Financial Action Task Force (FATF).
FinCEN is responsible for applying, implementing, and enforcing these regulations at the Federal, State, local, and international levels.
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